When the advisers surveyed were asked the minimum amount of assets required to make it viable to take on a client, only 16% said they would take on a client with less than £100,000, down from half of advisers in 2014. In reality, this means around one third of advisers have left the sub £100,000 client market in just five years.
Although Brexit is still not finalised and we have experienced some volatility as a result of the uncertainty, the UK stock market is currently yielding over 4% per annum, an absolute level of yield rarely seen outside of recessions and historically predicts a ten year boom! This suggests that much of the gloom surrounding no-deal is already reflected in share prices.
Report shows that for the over-65s, the total value of debt held amounted to £91billion in 2019, compared to £86billion in 2018
f the total assets invested in US Mutual funds, 40% is invested in passive funds, up from 37.4% a year ago.
Annuity rates are on the route to their lowest level in three years with average income arranged on a standard basis having fallen by 5.5% since the beginning of the year.
A survey from LifeSearch suggests that more than two thirds of the UK adult population either have no life insurance or do not know whether or not they hold life insurance cover.
The number of people in the UK saving enough for a comfortable retirement has reached a record 59%!
Figures provided from HM Revenue and Customs revealed there was an 18% increase in capital gains tax receipts in 2018-19 compared to the previous year, with the amount raised reaching £9.2bn.
A recent survey has reported that around a third of women do not have a private pension plan, compared to a sixth of men.
Popular investment vehicles known as open-ended funds have been thrust into the spotlight this month as a result of the shock suspension of investor Neil Woodford’s flagship fund.